Avingtrans (LON:AVG) Issues Quarterly Earnings Results

Avingtrans (LON:AVG) issued its quarterly earnings data on Wednesday. The company reported GBX 12.20 ($0.15) earnings per share for the quarter, Digital Look Earnings reports. Avingtrans had a return on equity of 3.32% and a net margin of 2.68%.

Avingtrans Trading Up 4.0 %

Shares of LON AVG traded up GBX 13.95 ($0.18) during trading hours on Wednesday, hitting GBX 363.95 ($4.61). 43,399 shares of the company traded hands, compared to its average volume of 30,426. The stock has a market capitalization of £116.02 million, a price-to-earnings ratio of 32.30 and a beta of 0.52. The company’s 50 day moving average price is GBX 372.59 and its 200 day moving average price is GBX 390.93. Avingtrans has a 12 month low of GBX 331 ($4.20) and a 12 month high of GBX 444 ($5.63). The company has a current ratio of 1.82, a quick ratio of 1.87 and a debt-to-equity ratio of 21.69.

About Avingtrans

Avingtrans plc has a proven strategy of “buy and build” in highly regulated engineering markets, a strategy it has named “Pinpoint-Invest-Exit”. Significant shareholder value is delivered through a clear strategy, a strong balance sheet and an agile and experienced management team.

Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.